Newton Falls, New York Property Taxes
The median property tax rate in Newton Falls, NY is 5.23%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Newton Falls at $35,000, the typical annual property tax bill reaches $1,888, which is below the national median of $2,690. Property taxes in Newton Falls are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Newton Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Newton Falls or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newton Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.23%
Estimate Property Tax Bill
$1,831
$1,810
Ownwell’s Newton Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newton Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newton Falls to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Newton Falls, New York
Property taxes in Newton Falls, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newton Falls is 5.23%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Newton Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newton Falls estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Newton Falls' effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13666 has both the highest and lowest median property tax rate of 5.23%. Understanding how these areas compare with Newton Falls provides valuable insights into the varying tax landscape across St. Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newton Falls Tax Rate
5.23%
Average St. Lawrence County Tax Rate
3.02%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newton Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13666 | 2.36% | 4.23% | 5.23% | 6.65% | 7.84% |
Source: Ownwell
Property Tax Assessment Values Across Newton Falls, New York
In Newton Falls, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the St. Lawrence County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Newton Falls, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Newton Falls is $35,000, with tax bills ranging from $1,601 at the 25th percentile to $2,735 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Newton Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newton Falls Assessed Value
$35,000
Average St. Lawrence County Assessed Value
$83,455
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newton Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13666 | $18,824 | $25,882 | $35,000 | $56,647 | $69,706 |
Source: Ownwell
Property Tax Bills Across Newton Falls, New York
In Newton Falls, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $35,000 in Newton Falls, the tax bill can range significantly. Homeowners in the 25th percentile face a tax bill of around $1,601, while those in the 75th percentile see bills closer to $2,406. At the 90th percentile, the tax bill can rise to $2,735. These figures highlight the variability in tax burdens across different properties. Comparatively, the national median property tax rate is 0.99%, making Newton Falls' tax rates a critical factor for homeowners in managing their annual expenses. Understanding these calculations helps homeowners anticipate their financial obligations and plan accordingly.
Average Newton Falls Tax Bill
$1,888
Average St. Lawrence County Tax Bill
$2,611
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Newton Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13666 | $1,307 | $1,601 | $1,888 | $2,406 | $2,735 |
Source: Ownwell